Page 37 - Finac2 Test 1 Slides - 2. Business Combinations
P. 37

CONSOLIDATED AND SEPARATE FINANCIAL STATEMENTS





            Post-acquisition Date Accounting (.54 - .58)






            • Three exceptions:


                    Don’t revert to applicable standards


                    • Specific measurement in terms of IFRS 3


                           • Reacquired rights

                    • Recognised contingent liabilities


                           • Higher of:


                                  • Amount that would be recognised ito IAS 37
                                         • i.e. amount of provision, if probable, or zero if not probable


                                  • Amount recognised at acquisition

                    • Indemnification assets

                           • Measured on same basis as the indemnified item






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